Of the 2,043 people who made it to the 2017 FORBES list of the World’s Billionaires, 10 of them are black, down from 12 a year ago.
This year, two black moguls fall off the ranks of the richest black people on earth, and they are both Nigerian – oil tycoon Femi Otedola and cement mogul Abdulsamad Rabiu. While Otedola fell off the list as a result of the plunging share price of his oil company, Forte Oil, a devaluation of the Nigerian currency, the Naira, was responsible for Rabiu’s ousting. Angolan investor Isabel dos Santos, American media mogul Oprah Winfrey and Nigerian oil woman Folorunsho Alakija are still the only black female billionaires on the FORBES billionaires list.
Check out the top 10 black billionaires of 2017!
The Black Billionaires 2017
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